Ecash does not remove the postgres database or any pool visibility—the pool will still have (and must have) full visibility over shares submitted because it needs to do accounting and proper payouts according to those shares.
Share accounting is also reward accounting, so the only improvement here is we are relying on a trusted mint to be a valid custodian of the Bitcoin, not just the pool (unless the pool is the mint, which kind of defeats the purpose of the ecash because the pool still has full visibility over the share accounting).
I cannot see any additional benefit here, just an additional trusted third party…
BitcoinAlchemist / James Pierog
npub1u8…xjcky
2024-09-03 10:14:32
in reply to nevent1q…kar5
Author Public Key
npub1u8r69esh5r7jt29nj9ufmz4yvuwp6cwl5xqp4e3d46vl8wla5smsexjckySeen on
wss://nos.lolPublished at
2024-09-03 10:14:32Event JSON
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"pubkey": "e1c7a2e617a0fd25a8b391789d8aa4671c1d61dfa1801ae62dae99f3bbfda437",
"created_at": 1725358472,
"kind": 1,
"tags": [
[
"e",
"e9de7f5dd3d97a43d372b9edbefcc230fd380f729d6be24b1ede332d35aca171",
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"root"
],
[
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"content": "Ecash does not remove the postgres database or any pool visibility—the pool will still have (and must have) full visibility over shares submitted because it needs to do accounting and proper payouts according to those shares. \n\nShare accounting is also reward accounting, so the only improvement here is we are relying on a trusted mint to be a valid custodian of the Bitcoin, not just the pool (unless the pool is the mint, which kind of defeats the purpose of the ecash because the pool still has full visibility over the share accounting).\n\nI cannot see any additional benefit here, just an additional trusted third party…",
"sig": "8cb1328ef1e72b5bd387474e3f6bd184e8f6544e656a65084a1cd28beda8b0b5e4cba8db4233bab50f4aff89308d633fdd7fb96a1d22e975ef7ced46ff9d5e65"
}